Godlike Productions - Discussion Forum
Users Online Now: 1,516 (Who's On?)Visitors Today: 5,947
Pageviews Today: 18,481Threads Today: 15Posts Today: 257
12:18 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Democrat Says Obama Stimulus Gave us Trillions in Debt with Nothing to Show for It

 
Anonymous Coward
User ID: 1059478
United States
08/25/2010 03:09 PM
Report Abusive Post
Report Copyright Violation
Democrat Says Obama Stimulus Gave us Trillions in Debt with Nothing to Show for It
Bennet Bombshell: Trillions in Debt, ‘Nothing to Show for It’

Sen. Michael Bennet’s recent appearance in Greeley, Colorado is sure to set political tongues wagging–Bennet is quoted as saying that though trillions of dollars of Federal debt has been incurred through spending since he was appointed to the Senate in January of 2009, “we have nothing to show for it”:

Michael Bennet, D-Colo,at a town hall meeting in Greeley last Saturday, Aug 21 said we had nothing to show for the debt incurred by the stimulus package and other expenditures calling the recession the worst since the Great Depression. [...]

Regarding spending during his time in office he said, “We have managed to acquire $13 trillion of debt on our balance sheet” and, “in my view we have nothing to show for it.” Speaking of the debt, he said our debt almost equals the economy. Regarding the current job situation, Bennet said the situation has been dire for over a decade saying, “We have created no net new jobs in the United States since 1998” which were the last two years of the Clinton administration. Pointing to a slide showing budget expenditures, he said that currently 65 percent of the budget was for social security, Medicaid and Medicare expenditures and that we could not grow our way out of debt.

Regarding the expiration of the Bush tax cuts Bennet would not commit to a position on whether to extend them simply saying, “I hope we look at it comprehensively.”

When asked about a recent report showing that government employees make more than their private sector counterparts said, “This is a time when we need to restrain wages in the public sector.” He said we need to make sure “our wages are not growing faster than inflation or faster than our growth.” Bennet also received a question about whether he would support card check and declined to give a firm answer saying, “I have not been a sponsor of the employee free choice act and the bill as written will not come to the floor to a vote.” He also said, “I believe strongly in the right of workers to collectively bargain and organize free from intimidation.” [emphasis added]

The Greeley Tribune’s quote is identical, adding a laundry list of things that Bennet feels have not been “invested in” adequately (the $787 billion American Recovery and Reinvestment Act apparently notwithstanding):

“We have managed to acquire $13 trillion of debt on our balance sheet,” he said. “In my view we have nothing to show for it. We haven’t invested in our roads, our bridges, our waste-water systems, our sewer systems. We haven’t even maintained the assets that our parents and grandparents built for us.”

[link to www.nationalreview.com]
Anonymous Coward
User ID: 1069580
United States
08/25/2010 03:12 PM
Report Abusive Post
Report Copyright Violation
Re: Democrat Says Obama Stimulus Gave us Trillions in Debt with Nothing to Show for It
so where did the money go? i would love to see that list!
Anonymous Coward
User ID: 1079348
United States
08/25/2010 03:14 PM
Report Abusive Post
Report Copyright Violation
Re: Democrat Says Obama Stimulus Gave us Trillions in Debt with Nothing to Show for It
The big banks are owned by the Europeans. How do you think they support their welfare states.

American money.





GLP